- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
- Market Direction into 2010 Depends on This: Analysts
- Prep Your Portfolio for Next Week: Stock Pickers
- Art Cashin: Why Markets Face 'Enormous' 1-Day Swings
- India or China: Which Is the Better Place to Invest?
- What Traders Expect From This Bank Stock
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
MOST SHARED
- U.S. May Wind Up Green With Envy
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- For Investors, The New Green Looks To Be White
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Disaster Film '2012' Drowns Rivals at Box Office
- Dipping Into Green Investing
- The Cost of Thanksgiving Dinner 2009
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Gold Hits Record $1,130 as Dollar Drifts Lower
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Analysis: APEC Nations Back Face-Saving Climate Plan
- GM to Start Repaying $6.7 Billion US Government Loan
- Shift Into High-Quality Stocks Could Move Market Higher
- Cities With the Most Home Price Reductions
- Drug Study Questions Effectiveness of Merck's Drugs
- Military Arms Race Dominates Dubai Air Show
RSS FEED
CNBC Stock Blog
Text Size 
This blog post was written by OptionMonster's Chris McKhann.
Options traders are making a short-term bearish play on the Nasdaq 100-indexed ETF.
The QQQQ [QQQQ
Loading...
()
] exchange traded fund (aka PowerShares QQQ Trust, Series 1) closed Thursday down 2.5 percent to $29.58, finishing right in the middle of its recent range.
OptionMonster's tracking systems show buying of the February 24 puts, where almost 57,000 contracts traded, more than the outstanding open interest of 35,591. Most of them traded in large blocks in a 10-minute period in the afternoon for $0.10.
The QQQQ options were second on the overall volume list for the day, with 641,000 contracts traded. Most of this action was in February, with 484,000 contracts changing hands against a 20-day average of 197,000.
________________________________
More Exchange-Indexed ETFs:
Ultra S&P500 ProShares [SSO
Loading...
()
]
ProShares UltraShort S&P500 [SDS
Loading...
()
]
ProShares Ultra QQQ [QLD
Loading...
()
]
iShares S&P 500 Index [IVV
Loading...
()
]
________________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes